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<p>[QUOTE="kirispupis, post: 7779903, member: 118780"]IMHO it depends on the auction, how badly you want the coin, and how expensive you anticipate the coin going.</p><p><br /></p><p>If the auction is one where "money sniffers" are prevalent, I'll bid live. I know that it doesn't matter what I pre-bid. If a money sniffer finds it, I have no chance.</p><p><br /></p><p>If I'm interested in the coin, but it's not the highest priority, I'll place a moderate pre-bid and then forget about it. I don't want to keep checking that coin, because then I'll get attached. I also don't want to bid live, because I may be lulled into a spur of the moment increase. It's all too tempting to increase that bid by 20 to get it...</p><p><br /></p><p>If this is a high priority coin, then I'll place an aggressive pre-bid early on and I'll factor in positioning, so I'll round up to a point where I know the next increment may be painful. My success rate here is very high.</p><p><br /></p><p>Similarly, if I'm unsure if the coin will fall in my price range, but I really want it, I'll place a pre-bid for the max I can afford. I usually call this an "insurance bet." It's insurance against me crying because the coin went for something I could have afforded. To date, I've never won one of these, but I slept better.</p><p><br /></p><p>Finally, there are what I call "bonus coins." These are coins where I have some interest, and I think may be had at a good price, but aren't worth participating in the auction solely for their sake. There needs to be something earlier in the auction I do really want. If I win this coin, then I'll live bid on the bonus coins.[/QUOTE]</p><p><br /></p>
[QUOTE="kirispupis, post: 7779903, member: 118780"]IMHO it depends on the auction, how badly you want the coin, and how expensive you anticipate the coin going. If the auction is one where "money sniffers" are prevalent, I'll bid live. I know that it doesn't matter what I pre-bid. If a money sniffer finds it, I have no chance. If I'm interested in the coin, but it's not the highest priority, I'll place a moderate pre-bid and then forget about it. I don't want to keep checking that coin, because then I'll get attached. I also don't want to bid live, because I may be lulled into a spur of the moment increase. It's all too tempting to increase that bid by 20 to get it... If this is a high priority coin, then I'll place an aggressive pre-bid early on and I'll factor in positioning, so I'll round up to a point where I know the next increment may be painful. My success rate here is very high. Similarly, if I'm unsure if the coin will fall in my price range, but I really want it, I'll place a pre-bid for the max I can afford. I usually call this an "insurance bet." It's insurance against me crying because the coin went for something I could have afforded. To date, I've never won one of these, but I slept better. Finally, there are what I call "bonus coins." These are coins where I have some interest, and I think may be had at a good price, but aren't worth participating in the auction solely for their sake. There needs to be something earlier in the auction I do really want. If I win this coin, then I'll live bid on the bonus coins.[/QUOTE]
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